DAILY CRYPTOCURRENCY NEWS

Giant Insurance Company Announced That It Invested In Bitcoin

Wells Fargo, one of the largest banks in the USA and banned customers from buying cryptocurrencies for Bitcoin transactions about two years ago, said in the report he published, "the best performing asset of the year" for Bitcoin. Bank; He drew attention to the change between Bitcoin, Gold, and the S&P 500 index.

Venezuela Increases Bitcoin Payments for imports from Iran and Turkey

Venezuela plans to increase the use of Bitcoin to pay for imports to circumvent financial sanctions imposed by the United States. According to a statement made by a journalist, payments to allied countries such as Iran and Turkey, the country's central bank announced that using Bitcoin.

Cryptocurrency Step From Singapore

DBS, one of the major banks of Singapore, announced that it will establish a digital asset exchange. The Singapore Stock Exchange (SGX) announced that it will buy a 10% share of the mentioned exchange. BTC, ETH, XRP, and BCH are expected to be traded on the exchange.

Securitize Integrates with Avalanche

Securitize, a digital security platform and SEC-registered transfer agent has integrated with Avalanche, an open-source platform to launch applications and enterprise blockchain deployments in an interoperable ecosystem. The Securitize platform will now be able to issue and manage private securities using the Avalanche blockchain.

Record Dump Begins From Bitcoin Miners

The Bitcoin Miners' Position Index (MPI), an indicator for Bitcoin miners, showed that miners were selling bitcoin at a high rate. According to the data shared by CryptoQuant, this sale means the highest dump Bitcoin miners have made in the last 3 years.

700 Million XRP Sent to Cryptocurrency Exchange

Whale Alert, the Twitter bot, announced that on December 10, 700 million XRP was transferred, worth a total of $ 402 million in the morning. Although these transfers caused panic in investors with the thought of profit sales, they accelerated the XRP transfers in investors due to the Spark Token distribution to be held on December 12. There has also been a serious dynamism in XRP transactions made by exchanges.

3iQ Ethereum Fund Listed on Toronto Stock Exchange

The Ethereum Fund IPO is expected to close on December 10, 2020, after which the Toronto Exchange will list the asset under the symbol QETH.U. It was also reported that there was around $ 75 million ETH in the closed fund.

DAILY CRYPTOCURRENCY ANALYSIS

BITCOIN [BTC] 356048.74 TRY

Bitcoin started the day behind the $ 19,000 level this morning. Although Bitcoin rose to the $ 18,430 region yesterday morning, it attracted more attention from institutional investors with the effect of withdrawals. He most recently invested $ 100 million worth of Bitcoin in Mass Mutual, which has $ 635 billion in total assets. However, withdrawals continue with the impact of miner sales. According to the data shared by CryptoQuant, this sale means the highest dump Bitcoin miners have made in the last 3 years.

When we consider BTC / USD technically, the bullish blue trend in the chart was tested again in the morning. This point also crosses the $ 17,600 level, which corresponds to the Fibo'61.8 slice, where the buy reaction came from a significant area. We can see pressure from this area, with the $ 18,250 and $ 18,600 levels being our major resistances in the upswing. The reactions of pullbacks should be followed up and the major trend is still on the upward direction. The $ 17,630 level stands out in possible retreats.

RESISTANCES 18,413 / 18,787 / 19,093
SUPPORTS 17,733 / 17,427 / 17,053

BITCOIN [BTC] 356048.74 TRY +7.00 +0.03 VOL 21 BTC

ETHEREUM [ETH] 24636.64 TRY

Ethereum is moving around $ 545 this morning, with sales of around 2%. Ethereum Fund listed on the Toronto Stock Exchange. It is known that there is approximately $ 75 million Ethereum in the fund closed. Grayscale, the world's largest digital fund, announced yesterday that it received 100,000 ETH. At the same time, after the 2.0 transition, Ethereum has seen a record $ 429 million in funds in the past two weeks. When we come to the question of why the market is falling despite all these purchases; While the altcoin-Bitcoin relationship is due to the tightness, we also encounter sales of miners in Bitcoin. Therefore, we expect the 2021 DeFi season in Ethereum and expect a positive divergence.

When we consider the ETH / USD parity technically, the upward trend that has been formed since the beginning of November continues. Although there were increases to $ 579 in the buying course in yesterday's transactions, it was observed that it retreated below the rising trend in the morning hours. Reaction from the bottom is very positive. In the course where the trend is followed, the MACD is moving into the risk appetite zone, experiencing a sales intersection in a 4-hour period. The reactions from pullbacks should be followed up and the $ 570 level stands out in trades above the $ 550 level.

RESISTANCES 564 / 581 / 593
SUPPORTS 535 / 523 / 506

ETHEREUM [ETH] 24636.64 TRY +7.00 +0.03 VOL 21 ETH

AVALANCHE [AVAX] 321.94 TRY

RESISTANCES 3,2732 / 3,4831 / 3,6080
SUPPORTS 2,9384 / 2,8135 / 2,6036

AVALANCHE [AVAX] 321.94 TRY +7.00 +0.03 VOL 21 AVAX

RIPPLE [XRP] 8.27 TRY

Ripple is moving around $ 56 this morning, down 2% from yesterday's transactions. Whale Alert, the Twitter bot, announced that a total of $ 402 million worth of 700 million XRP has been transferred yesterday morning. Although these transfers caused panic in investors with the thought of profit sales, they accelerated the XRP transfers in investors due to the Spark Token distribution to be held on December 12. There has also been a serious dynamism in XRP transactions made by exchanges. Support levels are followed, although the outlook is weak.

Technically speaking, XRP / USD retraces to the $ 0.5440 support level on the four-hour charts. Although it tries to break the downward trend that has been going on since November, seven times in the upward direction on the four-hour candles, it continues to move in the lower zone of the trend. With its rising again, the $ 0.5660-0.5830 levels are in the foreground. If possible withdrawal continues, $ 0.5430-0.5230 can be considered.

RESISTANCES 0,5819 / 0,6045 / 0,6229
SUPPORTS 0,5409 / 0,5225 / 0,4999

RIPPLE [XRP] 8.27 TRY +7.00 +0.03 VOL 21 XRP

LITECOIN [LTC] 976.11 TRY

Bitcoin started the day behind the $ 19,000 level this morning. Although Bitcoin rose to the $ 18,430 region yesterday morning, it attracted more attention from institutional investors with the effect of withdrawals. He most recently invested $ 100 million worth of Bitcoin in Mass Mutual, which has $ 635 billion in total assets. However, withdrawals continue with the impact of miner sales. According to the data shared by CryptoQuant, this sale means the highest dump Bitcoin miners have made in the last 3 years.

When we consider BTC / USD technically, the bullish blue trend in the chart was tested again in the morning. This point also crosses the $ 17,600 level, which corresponds to the Fibo'61.8 slice, where the buy reaction came from a significant area. We can see pressure from this area, with the $ 18,250 and $ 18,600 levels being our major resistances in the upswing. The reactions of pullbacks should be followed up and the major trend is still on the upward direction. The $ 17,630 level stands out in possible retreats.

RESISTANCES 75,80 / 79,39 / 81,79
SUPPORTS 69,81 / 67,41 / 63,82

LITECOIN [LTC] 976.11 TRY +7.00 +0.03 VOL 21 LTC

LINK is moving around $ 11.80 with a 1% retreat from yesterday's transactions. LINK's percentage of supply on smart contracts reached an all-time high. Updates are also expected in smart contracts, especially with the start of the Ethereum 2.0 update. In this way, agreements with corporate companies will be opened.

Technically, LINK continues its movements in the decreasing trend since the end of November, while continuing its transactions between $ 11.40-12.50. If LINK / USD, which continues its operations in the descending trend slope, breaks the $ 12.50 upward, the $ 12.90-13.50 levels can be considered. If the retraction continues, the levels of $ 11.50-11.05 come to the fore. The outlook is weak, but the support for reaction is followed carefully

RESISTANCES 12,32 / 12,77 / 13,15
SUPPORTS 11,48 / 11,10 / 10,64

BASIC ATTENTION TOKEN [BAT] 5.56 TRY

RESISTANCES 0,2146 / 0,2254 / 0,2320
SUPPORTS 0,1972 / 0,1906 / 0,1798

BASIC ATTENTION TOKEN [BAT] 5.56 TRY +7.00 +0.03 VOL 21 BAT

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